Danel (Israel) Market Value
| DANE Stock | ILS 40,380 750.00 1.89% |
| Symbol | Danel |
Danel 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Danel's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Danel.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Danel on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Danel or generate 0.0% return on investment in Danel over 30 days. Danel is related to or competes with Hilan, Fattal 1998, Matrix, Bezeq Israeli, and One Software. Danel Ltd provides human resources services in Israel More
Danel Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Danel's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Danel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.1199 | |||
| Maximum Drawdown | 9.66 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 3.23 |
Danel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danel's standard deviation. In reality, there are many statistical measures that can use Danel historical prices to predict the future Danel's volatility.| Risk Adjusted Performance | 0.1498 | |||
| Jensen Alpha | 0.2815 | |||
| Total Risk Alpha | 0.0521 | |||
| Sortino Ratio | 0.1304 | |||
| Treynor Ratio | 0.6475 |
Danel Backtested Returns
Danel appears to be very steady, given 3 months investment horizon. Danel secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the company had a 0.24% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Danel, which you can use to evaluate the volatility of the firm. Please utilize Danel's Coefficient Of Variation of 531.43, mean deviation of 1.47, and Downside Deviation of 1.73 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Danel holds a performance score of 18. The firm shows a Beta (market volatility) of 0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, Danel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Danel is expected to be smaller as well. Please check Danel's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Danel's price patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
Danel has very good predictability. Overlapping area represents the amount of predictability between Danel time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Danel price movement. The serial correlation of 0.83 indicates that around 83.0% of current Danel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 433.9 K |
Danel lagged returns against current returns
Autocorrelation, which is Danel stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Danel's stock expected returns. We can calculate the autocorrelation of Danel returns to help us make a trade decision. For example, suppose you find that Danel has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Danel regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Danel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danel stock over time.
Current vs Lagged Prices |
| Timeline |
Danel Lagged Returns
When evaluating Danel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danel stock have on its future price. Danel autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Danel autocorrelation shows the relationship between Danel stock current value and its past values and can show if there is a momentum factor associated with investing in Danel.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Danel Stock
Danel financial ratios help investors to determine whether Danel Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Danel with respect to the benefits of owning Danel security.